17/06/2013

Best and Worst careers to take a loan for.

Many university graduates dream of the day they’ll finally clear their Helb
loans. Some students enrolled in the parallel degree program also take loans to
finance their studies. So, which careers are the best, careers that promise a
return on your investment? Which careers are the worst in which to take a loan
against? Here are some of the careers we sampled. (Disclaimer: This is merely
an opinion and not expert advice).

Best:

Advertising and marketing.
College grads going into advertising and marketing can pay off their loans
in a few years. While not all marketing graduates will get top level pay, marketing
majors can start working right after they’re doneearning their undergraduate
degrees, allowing them to start paying down debt right away and giving them a
greater chance to grow their incomes.

Economist/ Finance/ BCOM graduates
They make a business out of analyzing and predicting the direction of the
bigger financial picture, but with a high median pay, economists and finance
professionals also tend to fare well financially themselves, paying off their
loans in a relatively good time. And with a minimum four years of college
needed before they can start working, they can keep their education costs low.

Engineers
Engineers can make a great income, if they land jobs fast. Many companies
are hiring civil engineers, electrical engineers, and energy engineers, and the
pay for such professions can be great. Because a master’s is not required for
people entering the profession, engineers can use the below average college
costs to their advantage.

Worst:

Veterinarian
Their patients may not be human, but veterinarians still need many years of
schooling before they can begin treating pets and other animals. However, with
the increasing adoption of pets by many Kenyans, veterinarians should see their
fortunes improve with time.

Reporter
Journalists can start digging up stories as soon as they’re out of school,
but digging themselves out of debt could take longer to accomplish. With a
median salary of a third of the average pay enjoyed by their counterparts in
marketing, reporters could be paying student loans for years before they’re
done.

Marriage and family therapist
Still, employment of marriage and family therapists is expected to grow, but
the average salaries are also low. The major hindrance however is that the
profession is not as tightly regulated as many others, thus this makes it hard
for the genuinely trained counselors and family therapists to find work. However,
on th upside, counseling is one of the fastest growing profession, as people
get ore stressed in the fast paced life of today.